Cryptologic is a software company that has been involved in online gambling since its inception.
The Dublin-based company had humble origins in the Toronto basement of two teenage brothers. Soon after it had grown to become one of the biggest online casino software developers in the world.
The first Cryptologic-powered online casino appeared in 1996 – InterCasino – and the company went on to provide software to some of the biggest names in gambling. William Hill and Littlwewoods Gaming were two of the early benefactors of Cryptologic’s software.
By 2000, Cryptologic were releasing big online slots, some of which turned into stalwarts among slots players. Cleo: Queen of Egypt, Savannah Sunrise and Just Vegas still pull in the punters to this day.
The company continued to grow rapidly and in 2003 they began trading on the London Stock Exchange. While it looked like Cryptologic’s rise was unstoppable, the 2006 Unlawful Internet Gambling Enforcement Act (UIGEA) put paid to the developer’s presence in the United States.
The company continued to develop games for the worldwide market, introducing a range of Marvel-themed slots into its portfolio. However, the firm ran into problems in 2010 when it emerged their great rival, Playtech, had also signed a deal with Marvel’s subsidiary, Marvel B.V., to develop similar comic hero-themed slots. Cryptologic sued Marvel, and the case dragged on for years.
Another Canadian firm – Amaya Gaming – came to the rescue of a firm once worth $400 million in 2012 with a buyout. Amaya have since gone on to buy up leading poker room, PokerStars, and with the brand still hot and churning out amazing top-quality slot, we’ll be seeing Cryptologic around for some time to come.